Institutional traders favour Bitcoin and Ethereum while whales eye this new AI crypto
In the crypto world, there’s a noticeable shift in how big investors are playing the game. Institutional traders are increasingly leaning towards Bitcoin and Ethereum as safer choices, as shown by a recent Bybit Research report. Meanwhile, the big players, or ‘whales’, are getting more interested in a new AI cryptocurrency ICO, signalling a change […]
New altcoin outshining Ethereum and Shiba Inu as Morgan Stanley calls crypto winter end
Morgan Stanley Wealth Management has called the end of the extended crypto bear market, indicating that the crypto spring is on the horizon. The crypto market has been projected to rally to a new high in this new bull market. Ethereum and Shiba Inu have already recorded significant gains as the crypto market enters a […]
Grayscale files to convert its Ethereum Trust into a spot Ethereum ETF
Grayscale is seeking for SEC’s approval to convert its Ethereum Trust to an Ethereum ETF. Grayscale’s Ethereum Trust manages nearly $5 billion in Ethereum assets. Transition to spot ETF offers direct and regulated cryptocurrency exposure. Grayscale Investments, a global leader in digital asset investment, is making headlines again as it seeks approval from the US […]
Why is Ethereum outperforming Bitcoin since the Merge?
Key Takeaways Ever since the Merge went live in September, Ether has underperformed Bitcoin significantly This is despite the supply of Ethereum falling post-Merge More Ether is also being staked since the Shapella upgrade in April Demand has fallen with regard to Bitcoin, however, overriding the lower supply Regulatory crackdown and greater institutional interest in […]
Helium surges as Bitcoin and Ethereum hover at key levels
Helium rose double digits as did 1inch and NEM after US inflation data Bitcoin price on the other hand touched $31k on Coinbase and Ethereum hovered near $1.9k. Consumer prices rose 0.2% month-over-month and 3% year-over-year in June. Bitcoin moved slightly higher on Wednesday after stock markets reacted positively to the latest US inflation data. […]
Ordinals and enterprise adoption drove network revenues for Bitcoin and Ethereum in May: Report
Bitcoin revenue jumped 249% YoY in May, while Ethereum network fees rose 53.7% in May, according to a research report by the ETC Group. Ordinals and enterprise adoption drove network revenues for Bitcoin and Ethereum respectively. Regulation and macroeconomics remain key factors even as benefits of tokenisation attracts major banks. The current market outlook for […]
Why is Ethereum falling against Bitcoin? Maxis loudly celebrate but miss the point
Key Takeaways Ethereum has fallen against Bitcoin thus far this year This is unusual as the market has risen, and altcoins tend to outperform Bitcoin in bull markets Nonetheless, Bitcoin maxis represent everything that is and about the space, writes our Analyst Dan Ashmore Their celebrations also forget the fact that Ethereum has still crushed […]
Why is Ethereum being outperformed by Bitcoin? Historical pattern changing in 2023
Key Takeaways Ethereum has historically outperformed Bitcoin in bull runs The pattern has flipped to start the year, with Bitcoin dominance rising Our Analyst Dan Ashmore jumps on-chain to look through history, and show how and why the pattern is changing The Flippening, huh? Nothing incites debate within crypto circles quite like it. Referring to […]
Ethereum (ETH/USD) price heading to $16,000? What could happen next
Ethereum recovered by more than 4% on Monday The cryptocurrency has maintained an uptrend A break above $1,250 sets ETH to $16,000 with short-term corrections at $1,350 and $1,450 Relief rallies are here, and even before we go further, Ethereum (ETH/USD) is back above $1,300. To a crypto native, this price level should inform you that […]
Ethereum Classic (ETC/USD) breaks above descending trendline but exercise caution
Ethereum Classic is up 18% in the week The network has witnessed an increased hash rate Ethereum Classic still faces bear pressure at $19 Ethereum Classic (ETC/USD) has been of bull interest in the last two days. Despite losing by an intraday 1% on Friday, it was still up 18% in the week. A majority […]